Financial inclusion and poverty: micro-level evidence from Nigeria

Sefa Awaworyi Churchill, Ahmed Salim Nuhu, Russell Smyth

Research output: Chapter in Book/Report/Conference proceedingChapter (Book)Researchpeer-review

1 Citation (Scopus)

Abstract

In this chapter, the authors use data from the 2016 Financial Inclusion Insights (FII) program for Nigeria to present new evidence on the effects of financial inclusion on household poverty. The authors add to the discourse on the association between financial inclusion and poverty by examining alternative approaches to measuring both financial inclusion and poverty. The chapter demonstrates that an increase in multi-dimensional financial inclusion, reflecting access to banks, access to credit and access to insurance, is associated with a decline in poverty. Further analysis by the authors show that among the components of financial inclusion, access to a checking, savings or fixed deposit account is more important than access to credit and insurance in reducing poverty.

Original languageEnglish
Title of host publicationMoving from the Millennium to the Sustainable Development Goals
Subtitle of host publicationLessons and Recommendations
EditorsSefa Awaworyi Churchill
Place of PublicationSingapore Singapore
PublisherPalgrave Macmillan
Chapter2
Pages11-36
Number of pages26
Edition1st
ISBN (Electronic)9789811515569
ISBN (Print)9789811515552
DOIs
Publication statusPublished - 2020

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